Build-A-Bear Workshop, Inc. (NYSE:BBW) Declares $0.22 Quarterly Dividend

Key Points

• Build-A-Bear Workshop, Inc. declared a quarterly dividend of $0.22 per share, with shareholders of record set to receive it on October 9th, reflecting an annualized yield of 1.2%.
• The company reported a strong quarterly earnings result of $0.94 per share, surpassing analysts' expectations and indicating a solid revenue of $124.25 million.
• Analysts have raised price targets for Build-A-Bear stock significantly, with a recent average target of $68.00 and several ratings upgraded to "buy" or "strong-buy."

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) declared a quarterly dividend on Wednesday, September 10th, RTT News reports. Shareholders of record on Thursday, September 25th will be given a dividend of 0.22 per share by the specialty retailer on Thursday, October 9th. This represents a c) annualized dividend and a yield of 1.2%.

Build-A-Bear Workshop has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Build-A-Bear Workshop to earn $3.88 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 22.7%.

Build-A-Bear Workshop Trading Up 2.7%

Shares of NYSE:BBW traded up $1.89 on Wednesday, reaching $72.77. 456,635 shares of the company's stock were exchanged, compared to its average volume of 397,337. The company has a market capitalization of $961.28 million, a price-to-earnings ratio of 16.32 and a beta of 0.72. The company has a fifty day moving average of $55.31 and a 200-day moving average of $46.15. Build-A-Bear Workshop has a twelve month low of $29.32 and a twelve month high of $74.43.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.27. The business had revenue of $124.25 million for the quarter, compared to analyst estimates of $116.19 million. Build-A-Bear Workshop had a net margin of 11.34% and a return on equity of 42.37%. During the same quarter last year, the business posted $0.64 EPS. As a group, equities research analysts forecast that Build-A-Bear Workshop will post 3.71 EPS for the current fiscal year.

Analysts Set New Price Targets

BBW has been the subject of a number of analyst reports. Piper Sandler lifted their price objective on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. DA Davidson boosted their price target on shares of Build-A-Bear Workshop from $64.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Northland Securities upped their target price on shares of Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Wall Street Zen cut shares of Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, Zacks Research raised shares of Build-A-Bear Workshop from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $68.00.

Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes and accessories, and other toy and novelty items, including family sleepwear.

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